AAPL Stock: Comprehensive Stock Analysis: Apple Inc.


Strong quarterly earnings from Wal-Mart Stores, Cisco Systems and other companies drove U.S. stocks higher in morning trading Thursday as the market bounced back from a modest decline a day earlier. Technology companies, consumer product makers and health care stocks accounted for some of the biggest gains. Energy and utilities stocks declined.

KEEPING SCORE: The Standard & Poor’s 500 index rose 18 points, or 0.7 percent, to 2,583 as of 11:27 a.m. Eastern Time. The Dow Jones industrial average gained 184 points, or 0.8 percent, to 23,455. The Nasdaq composite index added 78 points, or 1.2 percent, to 6,785. The Russell 2000 index of smaller-company stocks picked up 22 points, or 1.5 percent, to 1,486. A day ago, stocks suffered their worst decline in two months.

THE QUOTE: “Shareholders have been looking to buy on weakness and they got a little bit of it,” said Erik Davidson, chief investment officer for Wells Fargo Private Bank. (Source: Fox Business)

Major News: RH (RH) stock inclined 25.54% to trade at $104.57. The gain was prompted by the home furnishings retailer’s raised guidance for the fiscal third quarter and fiscal 2017. Per management, this “demonstrates the earnings power of our new membership model, and a dramatically more efficient operating platform.”

Estimates for the fiscal third quarter and the fiscal year moved up by 17.1% and 6.6%, respectively, over the last 60 days, reflecting analysts’ optimism. The new business model coupled with several growth programs should drive the stock’s performance.

A total volume of 4,631,026 shares was traded. The Company’s shares have inclined 5.68% in the past month, 150.08% in the last twelve months, and 171.34% on an YTD basis.

Stock to Watch: Apple Inc. (NASDAQ: AAPL)

On Wednesday, Shares of Apple Inc. (NASDAQ: AAPL) expressed a change of 1.45% and is currently trading at $171.54. The stock exchanged hands with 11,398,633 numbers of shares compared to its average daily volume of 28.21M shares. When trading is lighter than usual, it is said to be “thin.” When there’s more trading than usual, it is called “heavy trading.” Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $874.12B. The company has its outstanding shares of 5.17B. Outstanding shares refer to a company’s stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company’s officers and insiders. After a recent check, it is observed that the insiders for the firm currently own 0.08% shares. There has been an observed change of -14.64% in the ownership of the shares in the past six months. However, the institutional investors are observed to own 62.50% of the total shares. During last 3 month period, -0.65% of total institutional ownership has changed in the company shares.

What Historical Figures Say About Apple Inc. (NASDAQ: AAPL)?

Before trading, trader, investor or shareholder must have an eye on stock’s historical performance. Analysts review historical return data when trying to predict future returns or to estimate how a security might react to a particular situation, such as a drop in consumer demand. Historical returns can also be useful when estimating where future points of data may fall in terms of standard deviations.

Analyzing historical data can give some perception of how a security or market has reacted to various different variables, from regular economic cycles to sudden world events. Shareholders looking to interpret historical returns should keep one caveat in mind: you can’t assume that the future will be like the past. The older the historical return data is, the more likely it is to be less useful when predicting future returns. Historical return data for AAPL stock is described below:

Looking into last 5 trades, the stock observed a return of almost -4.06%. However, 5.37% over the last one month, 7.11% for the last quarter and year to date performance stands at 45.99%.

Important Technical Indicators to Consider:

ATR value of the company was 2.66 and Relative Strength Index (RSI) was 60.57. The stock volatility for the week was 1.09% while for the month was 1.46%. The stock was trading at a distance of -2.67% from its 52-week highs and stands 60.92% away from its 52-week lows. AAPL’s latest closing price was 13.95% away from the average price of 200 days while it maintained a distance of 6.76% from the 50 Day Moving Average and 2.85% away compared to its SMA 20.

Analysts’ Suggestions in the Limelight:

Analysts have given a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). The mean target price as estimated by the analysts for the company has been recorded at $186.34.


Please enter your comment!
Please enter your name here